Railway Pension Investments Ltd Buys 62,100 Shares of Autodesk, Inc. $ADSK

Railway Pension Investments Ltd increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSKFree Report) by 44.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 200,292 shares of the software company’s stock after acquiring an additional 62,100 shares during the quarter. Railway Pension Investments Ltd owned about 0.09% of Autodesk worth $38,941,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quantinno Capital Management LP boosted its position in Autodesk by 17.8% in the 1st quarter. Quantinno Capital Management LP now owns 385,572 shares of the software company’s stock valued at $92,306,000 after buying an additional 58,285 shares during the period. SG Americas Securities LLC raised its stake in shares of Autodesk by 158.4% during the first quarter. SG Americas Securities LLC now owns 272,548 shares of the software company’s stock valued at $65,248,000 after acquiring an additional 167,064 shares in the last quarter. Man Group plc raised its stake in shares of Autodesk by 28.6% during the fourth quarter. Man Group plc now owns 1,229,946 shares of the software company’s stock valued at $364,076,000 after acquiring an additional 273,765 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Autodesk in the second quarter valued at approximately $322,851,000. Finally, Seilern Investment Management Ltd grew its stake in Autodesk by 11.0% in the second quarter. Seilern Investment Management Ltd now owns 227,675 shares of the software company’s stock worth $44,265,000 after purchasing an additional 22,547 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Key Autodesk News

Here are the key news stories impacting Autodesk this week:

Autodesk Stock Down 0.8%

ADSK stock opened at $258.53 on Tuesday. Autodesk, Inc. has a 52 week low of $185.50 and a 52 week high of $329.09. The company has a quick ratio of 0.83, a current ratio of 0.86 and a debt-to-equity ratio of 0.59. The firm has a 50-day simple moving average of $227.35 and a 200-day simple moving average of $232.32. The stock has a market capitalization of $54.55 billion, a P/E ratio of 33.45, a P/E/G ratio of 1.60 and a beta of 1.29.

Autodesk (NASDAQ:ADSKGet Free Report) last issued its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 EPS for the quarter, topping the consensus estimate of $3.12 by $0.18. Autodesk had a return on equity of 58.63% and a net margin of 21.08%.The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the business earned $2.62 earnings per share. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Equities analysts forecast that Autodesk, Inc. will post 9.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ADSK shares. Citigroup lifted their target price on Autodesk from $269.00 to $276.00 and gave the company a “neutral” rating in a research report on Monday. Loop Capital decreased their price objective on Autodesk from $250.00 to $235.00 and set a “hold” rating for the company in a report on Friday, May 29th. Jefferies Financial Group raised shares of Autodesk to a “strong-buy” rating in a research report on Tuesday, May 26th. Bank of America restated a “buy” rating and issued a $300.00 price target on shares of Autodesk in a report on Tuesday, May 12th. Finally, BTIG Research restated a “buy” rating and set a $300.00 price objective on shares of Autodesk in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $319.62.

Read Our Latest Report on ADSK

Insider Activity

In related news, EVP Janesh Moorjani purchased 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average price of $197.67 per share, with a total value of $494,175.00. Following the completion of the acquisition, the executive vice president owned 50,993 shares in the company, valued at $10,079,786.31. This trade represents a 5.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John T. Cahill acquired 2,000 shares of Autodesk stock in a transaction that occurred on Tuesday, June 23rd. The shares were bought at an average price of $189.20 per share, for a total transaction of $378,400.00. Following the transaction, the director owned 4,000 shares of the company’s stock, valued at $756,800. This represents a 100.00% increase in their position. The SEC filing for this purchase provides additional information. 0.14% of the stock is currently owned by corporate insiders.

About Autodesk

(Free Report)

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.

Recommended Stories

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.